BEIS") published its response to the consultation on the proposed amendments for allocation round four ("
AR4") Contracts for Difference ("
Response").
The Response confirms most of the amendments proposed by BEIS in its spring consultation but makes some new adjustments as to how future CfD rounds will operate. Additionally, a further consultation regarding changes to the Supply Chain Plans ("
SCP") was published, as well as an impact assessment of the costs and benefits of the amendments for AR4.
Industry should note the headline amendments to AR4, in particular: the new "pots", changes relating to negative pricing, capacity caps and the amended SCP policy. This bulletin explores each of these amendments in detail.